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Leo Lines Up PellePharm Buy In Rare Skin Cancer Deal

 
• By Kevin Grogan

The Danish dermatology specialist could be hitting the acquisition trail again soon having taken an option to buy BridgeBio's PellePharm and its skin cancer drug patidegib in a deal that could be worth $760m.

Young man recovering healing at home after plastic surgery nose
Gorlin leads to the formation of multiple basal cell carcinomas, often on the face • Source: Shutterstock

Leo Pharma AS has taken an option to acquire the US's PellePharm Inc. in a deal that will initially see the Danish firm commit $70m of equity financing and R&D funds to aid late-stage development of patidegib for the prevention of a rare genetic skin cancer called Gorlin syndrome.

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